Our Mortgage Loan allows you to leverage the value of your residential or commercial property to secure substantial funds. With attractive interest rates, flexible repayment options, and high loan amounts, you can finance business expansions, education, medical expenses, or other financial needs. Enjoy quick processing and minimal documentation while retaining ownership of your property.
Leverage the value of your property with Mortgage Loans. Access substantial funds at attractive interest rates
Starting at 8.75%
Unlock the Value Of Your Property
FAQ
What is a Mortgage Loan ?
A Mortgage Loan is a secured loan where you pledge your residential or commercial property as collateral to secure a loan. The funds can be used for various purposes such as business expansion, education, medical expenses, or personal needs
Who is eligible for a Mortgage Loan ?
Both salaried and self-employed individuals, as well as businesses, are eligible for a Mortgage Loan. Eligibility criteria may vary based on the lender’s policies.
What are the interest rates for Mortgage Loan ?
Interest rates for Mortgage Loans are generally lower than unsecured loans and can be either fixed or floating. Rates vary across lenders and depend on factors like the borrower’s profile, property value, and loan amount.
What is a balance transfer?
A balance transfer allows you to transfer your existing Mortgage loan to another lender offering a lower interest rate & Additional Loan Amount. This can help reduce your EMI burden and save on interest.
How is the property valuation done ?
The lender conducts a property valuation through an approved valuer to determine the current market value of the property. This valuation influences the loan amount.
How long does it take to process a Mortgage Loan ?
The processing time for a Mortgage Loan varies by lender but typically takes anywhere from a few days to a few weeks, depending on documentation and property valuation.
What types of properties can be used as collateral ?
Residential, commercial, and industrial properties can be used as collateral for a Mortgage Loan. The property must have a clear title and be free from encumbrances.
How much loan can I get against my property ?
The loan amount depends on the market value of the property and the lender’s policies. Typically, lenders offer up to 50-70% of the property’s market value as a loan.
What is the tenure for a Mortgage Loan ?
Loan tenures for Mortgage Loans usually range from 5 to 15 years, depending on the lender and the borrower’s repayment capacity.
What documents are required for a Mortgage Loan ?
Commonly required documents include:
- Proof of identity and address
- Income proof (salary slips, IT returns)
- Property documents (title deed, valuation report)
- Bank statements
- Existing loan details, if any
Can I prepay my Mortgage Loan ?
Yes, most lenders allow prepayment of LAPs. However, some may charge a prepayment penalty.
What are the tax benefits of a Mortgage Loan ?
Unlike home loans, Mortgage Loans do not offer specific tax benefits on the principal or interest paid. However, if the loan is used for business purposes, the interest paid may be claimed as a business expense.